Results 1 to 15 of 15
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07-10-2019, 01:51 PM #1
- Join Date
- Jul 2018
- Posts
- 15
6 Open Positions
Good Morning DF,
I'm sure I already know the answer but I'm going to put it out there and see if there is a sliver of hope that something can be done. Have a merchant that installs flooring in high end homes, last 3 month average is 144K in deposits, the kicker, has 6 positions open with total MCA debt of 124K paying 73K a month in payments. Merchant has 600 FICO and NO collateral.
DM me if you have something worthy. I would have no issue putting my contact info out there but unfortunately getting slammed with phone calls from shops Ive never heard of is a bit annoying.
Thanks, have a great day.
John Lehmann
AllCap Financial
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07-10-2019, 01:58 PM #2
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,484
Yikes! 6 positions, construction related, subject credit, and no collateral.
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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07-10-2019, 04:20 PM #3
- Join Date
- Jun 2017
- Posts
- 2,049
73k a Month - On 144 in Deposits.
My last stop for deals is Main Street. They need 50% Debt Ratio.
Which your guy here is past.
Its safe to say this file is a NO GO.
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07-11-2019, 03:03 AM #4
- Join Date
- Aug 2018
- Posts
- 795
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07-12-2019, 12:50 PM #5
- Join Date
- Jan 2014
- Posts
- 1,374
a reverse consolidation may open up some cash flow for merchant depending on terms of current ones. if there is 6 i am assuming positions 2-6 are short term 3-6 monthers so could be possible. There few lenders on here that claim to do them.
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07-12-2019, 01:42 PM #6
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07-12-2019, 02:05 PM #7
- Join Date
- Dec 2017
- Posts
- 238
That file belongs in the trash.
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07-12-2019, 06:03 PM #8
- Join Date
- Apr 2019
- Posts
- 72
Chrome would do something. Send them the current balances.
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07-13-2019, 12:38 AM #9
- Join Date
- Aug 2018
- Posts
- 795
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07-16-2019, 02:53 PM #10
does he work for GC or directly with residents?
The Rose Funder l 917.228.4970
bander@therosefunder.com
Highlands NJ 07732
http://www.therosefunder.com
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07-16-2019, 03:03 PM #11
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07-27-2019, 09:23 PM #12
- Join Date
- Jul 2019
- Posts
- 33
We might do it
Sam Weiss
201.574.7388
sam@cooperfunding.com
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07-31-2019, 10:57 AM #13
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07-31-2019, 01:33 PM #14
- Join Date
- Jan 2014
- Posts
- 1,374
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07-31-2019, 02:01 PM #15
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